Lockheed Martin (NYSE: LMT) will continue to provide updated air-to-ground missiles to the U.S. Army under a three-year, $134.7M contract modification.
The service branch obligated the full amount of the modification for the Joint Air-to-Ground Missile procurement, the Department of Defense said Wednesday.
Work will take place in Orlando through Feb. 28, 2023.
DoD granted Milestone C approval to the service branch's JAGM program in June 2018.
JAGM is designed to help rotary-wing and unmanned aircraft operators recognize ground or naval targets with the system's multimode seeker technology.